LiveMLS A2352377CMHC / MLI Select

1612 24 Avenue NW · Multi-family

Calgary, AB · Multi-family · 6 units

$1,400,000listed

Price at 5.75% cap

Calgary market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

Create a free account Sign inGoes to the AssetAvenue team. We reply by email, usually within a business day.View on Realtor.caLast seen on Realtor.ca Nov 3

What this listing is

1612 24 Avenue NW is a 6-unit multi-family in Calgary, AB, asking $1,400,000 — $233,333 per door.

That sits inside the Calgary band of $190k - $310k per door. Calgary cap rates screen 5.6% - 7.2% and average rent runs about $2,050 a door.

At 6 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

The Calgary desk underwrites vacancy at 3.5% - 5% and operating expenses at 32% - 43% of gross rent.

Asking price: $1,400,000
Units: 6 units
Property type: Multi-family
Location: Calgary, AB
Price per door: $233,333
Calgary cap band: 5.6% - 7.2%
Calgary average rent: $2,050

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the price at a 5.75% cap — opens with a free account.

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